By Hadeel Al Sayegh and Federico Maccioni DUBAI (Reuters) -AviLease, a jet-leasing firm backed by Saudi Arabia’s almost $1 trillion Public Investment Fund (PIF), has been holding talks with banks to prepare an inaugural bond sale, two people with knowledge of the plan told Reuters. The company has discussed a dollar-denominated debut with JPMorgan and …
Saudi PIF-owned AviLease weighs debut bond, sources say Read More »
By Soren Jeppesen and Jacob Gronholt-Pedersen KALUNDBORG, Denmark (Reuters) -In Denmark’s seaside town of Kalundborg, also known as “Novo Town”, therapist Heidi Thron Rune has learnt to live with the noise of building work as new facilities take shape to meet demand for Novo Nordisk’s Wegovy weight-loss drug. What is less familiar is the worry …
Denmark’s ‘Novo Town’ holds its breath as Wegovy fever fades Read More »
By John Revill ZURICH (Reuters) -The Swiss National Bank held its benchmark interest rate at zero on Thursday, the lowest among major central banks, as it warned that U.S. President Donald Trump’s tariffs had dimmed the outlook for the Swiss economy going into 2026. The SNB’s decision to keep its policy rate at 0% had …
Swiss National Bank keeps interest rate at zero, sees tariff hit to economy Read More »
By James Davey LONDON (Reuters) -When Amazon opened its first grocery store outside the United States in 2021, its choice of a site in west London for a cashier-free store was seen as the start of a major assault on Britain’s $290 billion food market. That store closed in 2023 and this week the group …
MILAN (Reuters) -Italy’s Snam was amazed by the lengthy approval process it faces over its acquisition of a stake in Germany’s largest independent gas transmission operator, its CEO told an Italian newspaper, hinting the group could pull the deal. The Italian gas grid operator signed a deal in April to buy 24.99% in Open Grid …
Snam CEO ‘amazed’ by lengthy approval for German gas grid deal, report says Read More »
ZURICH (Reuters) -UBS has made progress on its crisis planning but authorities need to have more options for tackling an emergency at the bank, Switzerland’s financial market regulator FINMA said on Thursday. Last October, FINMA said UBS needed to improve its emergency and recovery plans following the bank’s government-engineered takeover of Credit Suisse, which collapsed …
Swiss regulator sees progress on UBS crisis planning, but work still to be done Read More »
By James Davey LONDON (Reuters) -A “sophisticated” cyberattack in April will cost the Co-op Group about 120 million pounds ($161 million) in lost profit this year, the British retailer warned on Thursday. The 181-year-old member-owned Co-op, which runs one of the UK’s most well-known food retail businesses as well as funeral-related services, legal and insurance …
Britain’s Co-op warns of $161 million profit hit from cyberattack Read More »
(Corrects to make clear in paragraph 4 that LNG is being phased out, NOT all Russian energy imports.) By John Irish UNITED NATIONS (Reuters) -Slovakia on Wednesday pushed back on pressure it is facing to cut back its purchases of Russian energy, saying it was ready to discuss the issue, but singled out some European …
Slovakia pushes back on pressure over Russia energy purchases Read More »
By Canan Sevgili LONDON (Reuters) -The pound held steady against the dollar on Thursday, as investors weighed up concerns about Britian’s finances, in light of weaker demand at a UK government bond auction. Sterling was flat at $1.34495 around midday in London. It was steady against the euro, which traded at 87.36 pence. The UK …
Sterling holds steady as investors weigh UK fiscal risk Read More »
(Reuters) -German chemicals group Evonik Industries on Thursday cut its 2025 core profit guidance, saying it expected persistently weak demand until the end of the year. The company now sees adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) of about 1.9 billion euros ($2.23 billion) for 2025, compared to the 2-2.3 billion euro range …
Evonik cuts 2025 core profit guidance on weak demand Read More »
